Hope, IN demographics:
population, income, and more

Total population
2,029
2.1% year-over-year change
Median household income
$76,188/yr
12.0% year-over-year change
Housing units
773
-1.0% year-over-year change

Hope population

How many people live in Hope

Hope is home to 2,029 residents, according to the most recent Census data. Gender-wise, 53.5% of Hope locals are male, and 46.5% are female.

Total population
2,029
2.1% year-over-year change
Gender ratio
Male
53.5%
1,086
Female
46.5%
943
Value Percent YoY change
Male 1,086 53.5% 7.1%
Female 943 46.5% -3.2%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Hope is 31, with the population distributed as follows: about 19.2% are children under 15, then 18.1% are in the 15 to 24 age group. Adults between 25 and 44 make up 24.9% of the population, while another 26.7% fall into the 45 to 64 bracket. Finally, around 11.1% are 65 or older.

Median age
31.2
Age breakdown
Under 15
19.2%
15 to 24
18.1%
25 to 44
24.9%
45 to 64
26.7%
Over 65
11.1%
Value Percent YoY change
Under 15 390 19.2% -5.1%
15 to 24 368 18.1% 17.9%
25 to 44 505 24.9% -8.7%
45 to 64 541 26.7% 3.4%
Over 65 225 11.1% 19.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Hope, 95.6% of the population are US-born citizens, while 4.4% have gained naturalized citizenship. There’s also a share of 6.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
95.6%
Non-U.S.-born citizens
4.4%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 1,940 95.6% 0.1%
Non-U.S.-born citizens 89 4.4% 134.2%
Racial breakdown
White
92.9%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0.5%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.6%
Other
0%
Value Percent
White 1,885 92.9%
Asian 10 0.5%
Two or more races 134 6.6%

Households in Hope

A peek inside Hope households

Hope has 697 households, with an average of 3 members in each. Of these, 73.2% are families, while the remaining 26.8% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
697
1.2% year-over-year change
Average people per household
3
Non-family households
187
Family households
510
Value Percent YoY change
Non-family households 187 26.8% -9.2%
Family households 510 73.2% 5.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Hope

The housing landscape of Hope

Hope's housing consists of 773 units, with 90.3% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 4.3% of the housing landscape.

Housing units
773
-1.0% year-over-year change
Housing types
Value Percent
1 unit, detached 698 90.3%
2 units 11 1.4%
3 or 4 units 13 1.7%
5 to 9 units 12 1.6%
20 to 49 units 6 0.8%
Mobile home 33 4.3%
Homes built since 2020
0
% year-over-year change

The age of buildings in Hope

In Hope, the median construction year is 1964. About 26.4% of homes were built before the 1940s, with another 8.5% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 204 26.4% 9.1%
Built between 1940 and 1949 66 8.5% 22.2%
Built between 1950 and 1959 48 6.2% -12.7%
Built between 1960 and 1969 158 20.4% 18.8%
Built between 1970 and 1979 117 15.1% -35.0%
Built between 1980 and 1989 57 7.4% 21.3%
Built between 1990 and 1999 66 8.5% 3.1%
Built between 2000 and 2009 57 7.4% -6.6%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Hope occupancy rates

Out of the 697 occupied housing units in Hope, 79.5% are owner-occupied, while 20.5% are lived in by tenants. Meanwhile, 9.8% of all homes on the local market sit vacant.

Occupied housing units
697
1.2% year-over-year change
Occupancy breakdown
Renter occupied
143
Owner occupied
554
Value Percent YoY
change
Renter occupied 143 20.5% -7.7%
Owner occupied 554 79.5% 3.8%
Unoccupied housing units
9.8%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Hope housing costs

Housing costs in Hope come to a median of $1,067 per month, while tenants specifically pay a median gross rent of $1,156.

Median housing costs per month
$1,067/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Hope
$1,156/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Hope

Hope education at a glance

About 55.4% of the population in Hope went to high school, while 23.3% pursued college studies. Another 12.2% earned an associate degree and 8.3% hold a bachelor’s. Meanwhile, 0.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 5 0.3% -88.6%
High school diploma 852 55.4% 4.5%
College diploma 358 23.3% 3.2%
Associate degree 187 12.2% 45.0%
Bachelor's degree 127 8.3% 10.4%
Graduate degree 9 0.6% -18.2%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Hope

How much people earn in Hope

The average annual household income in Hope was $82,785 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +11.8% change from the previous year. At the same time, the median income stood at $76,188, reflecting a +12% shift over the same period.

Average household income in Hope
$82,785/year
11.8% year-over-year change
Median household income in Hope
$76,188/year
12.0% year-over-year change

Hope income by age

In Hope, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $85,917. Those with someone between 45 and 64 in charge, often well established professionally, earn $79,091 overall. Overall, 91.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $85,917 29.6%
45 - 64 $79,091 7.1%
Over 65 $38,750 -11.4%
Above poverty level
1,824
Below poverty level
162
Value Percent YoY
change
Above poverty level 1,824 91.8% 10.2%
Below poverty level 162 8.2% -42.1%

Average renter income in Hope

To get a better sense of what renters earn on average in Hope, their median household income was $63,125 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 22%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$63,125
Rent-to-income ratio
22%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Hope

Workforce and job types in Hope

The job market in Hope is powered by 1,133 working residents, spread across a range of industries and roles. 68.4% of the working population are employed in professional or administrative positions, while 31.6% are in hands-on or service-based jobs. Also, 8.3% run their own businesses, 75.8% are employed by private companies, and 7.1% work in the public sector.

Workforce demographics

Working population
1,133
-2.0% year-over-year change
White collar
775
Blue collar
358
Value Percent YoY change
White collar 775 68.4% 3.5%
Blue collar 358 31.6% -12.0%
Employer type
Self employees
8.3%
Private companies
75.8%
Governmental workers
7.1%
Not for profit companies
8.8%
Value Percent YoY change
Self employees 94 8.3% 28.8%
Private companies 859 75.8% -6.7%
Governmental workers 80 7.1% -5.9%
Not for profit companies 100 8.8% 29.9%
Unemployment rate
1.9%
69.2% year-over-year change

Available workforce

The unemployment rate in Hope stands at 1.9%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Hope

How people get around in Hope

Commuting methods vary: 88.2% of residents travel by personal vehicle and 1.6% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 968 88.2% -0.3%
Walk 17 1.6% 13.3%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Hope by zipcode?

Zipcode Population Number of households Median income Average income
47246 4,326 1,306 $94,375 $105,634

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FAQs about Hope demographics 

What is the total population of Hope?

Hope has a total population of 2,029 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.1% compared to a year ago.

What is the gender ratio in Hope?

The gender ratio in Hope is as follows:
  • 53.5% males (1,086 residents)
  • 46.5% females (943 residents)

What is the median age in Hope?

The median age in Hope is 31.2.

What is the age distribution of the population in Hope?

The age distribution in Hope is as follows:
  • Under 15: 19.2% (390 residents)
  • Ages 15-24: 18.1% (368 residents)
  • Ages 25-44: 24.9% (505 residents)
  • Ages 45-64: 26.7% (541 residents)
  • Over 65: 11.1% (225 residents)

What is the racial and ethnic makeup of Hope?

The racial and ethnic makeup of Hope is as follows:
  • White: 92.9% (1,885 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0.5% (10 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 6.6% (134 residents)
  • Other: 0% (0 residents)

What percentage of the population in Hope are U.S.-born citizens?

U.S.-born citizens represent 95.6% of the population in Hope.

How many housing units are there in Hope?

There are 773 housing units in Hope, reflecting a -1.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Hope and what is the average household size?

Hope has a total of 697 households, with an average of 3 people in each.

What is the median household income in Hope?

Hope has a median household income of $76,188, representing a +12.0% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Hope?

The employment rate is 98.1% in Hope, with a workforce of 1,133 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 68.4% (775 residents)
  • Blue-collar workers: 31.6% (358 residents)

Places of employment:
  • Self-employed: 8.3% (94 residents)
  • Private companies: 75.8% (859 residents)
  • Governmental workers: 7.1% (80 residents)
  • Not-for-profit companies: 8.8% (100 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025